It's official. The rematch is on between WBC and WBA champion Gennady Golovkin and Canelo Alvarez. The rematch of last summer's controversial bout that ended in a draw will take place on September 15 at the T-Mobile Arena in Las Vegas. It will be broadcast on HBO Pay-Per-View.

LOS ANGELES, CA - FEBRUARY 27: Boxers Canelo Alvarez (L) and Gennady Golovkin take part in a news conference at Microsoft Theater at L.A. Live to announce their upcoming rematch on February 27, 2018 in Los Angeles, California. (Photo by Kevork Djansezian/Getty Images)

Golden Boy Promotions tweeted this animation and post to confirm on Wednesday.

GBP set a deadline for Golovkin and his team to agree to a 57.5-42.5 split in favor of Canelo by noon PT on Wednesday. That offer was initially rejected, per Mike Coppinger of Ring, but the two sides continued the dialog. Ultimately, they came to an agreement that will pay Golovkin an estimated $30 million with Canelo taking what figures to be a much larger chunk as the A-side of the negotiations.

As of now, Canelo-GGG II is by far the biggest fight on the sport's schedule this year. That distinction could be challenged if a heavyweight unification bout between Anthony Joshua and Deontay Wilder comes to fruition for the fall.

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